Question

Which type of investments are excluded as approved investments for General Insurance Companies under sec. 27B(1)?

a.

First mortgages on immovable property situated in another country

b.

Bonds or debentures issued by companies rated below AA

c.

Immovable property situated in another country

d.

Both a and c

Posted under IC 89 Management Accounting

Answer: (d).Both a and c Explanation:Both first mortgages on immovable property situated in another country and immovable property situated in another country are excluded as approved investments for General Insurance Companies under sec. 27B(1).

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Q. Which type of investments are excluded as approved investments for General Insurance Companies under sec. 27B(1)?
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